Punjab National Bank: News

09 Jun 2024


PNB to open office in Dubai, expanding international footprint

Punjab National Bank (PNB), a state-owned entity, has unveiled plans to establish a representative office in Dubai as part of its global expansion strategy.

11 Apr 2024


Refund of fraud transactions: Victim wins decade-long case against PNB

A Railway Police Force (RPF) constable recently emerged victorious in a 10-year-long legal battle against Punjab National Bank (PNB) over an fraud transaction case, as reported by the Economic Times.

25 Jan 2024

Stock Market

PNB's Q3 profit surges three-fold to over Rs. 2,200 crore

Punjab National Bank (PNB) has reported a significant increase in its profit for the quarter ended December 2023.

15 Dec 2023

Stock Market

PNB joins the Rs. 1L crore market cap league

Punjab National Bank (PNB) joined the ranks of State Bank of India and Bank of Baroda as the third Indian lender to surpass a market cap of Rs. 1 lakh crore.

RBI penalizes PNB, Federal Bank for violating KYC norms

RBI has imposed penalties on several entities for non-compliance with regulatory norms.

26 Oct 2023


PNB reports a 327% rise in Q2 net profit

Punjab National Bank (PNB) has revealed a remarkable 327% surge in net profit for the second quarter of the fiscal year, amounting to Rs. 1,756 crore.

02 Aug 2023


Loan EMIs to increase as major banks hike interest rates

ICICI Bank, Punjab National Bank (PNB), and Bank of India (BOI) have updated their marginal cost-based lending rates (MCLR) on loans.

15 Apr 2023

Mehul Choksi

Big relief for Mehul Choksi, can't be extradited from Antigua 

Fugitive diamantaire Mehul Choksi—who is wanted in India for his involvement in a Rs. 13,500 crore fraud case—got a big relief from the High Court of Antigua and Barbuda, reported ANI.

02 Feb 2023

Adani Group

RBI is looking into Indian banks' exposure to Adani Group

As Adani Group companies nosedive in the stock market, the Reserve Bank of India (RBI) has stepped in to measure the exposure of Indian banks to the conglomerate.

09 Nov 2022

Nirav Modi

Nirav Modi's plea against extradition rejected by British court

A United Kingdom court on Wednesday rejected the plea of fugitive Nirav Modi against extradition to India to face the charges of fraud.

21 May 2022

Nirav Modi

Dominica withdraws illegal entry case against fugitive Mehul Choksi

In a relief to fugitive diamantaire Mehul Choksi, Dominican authorities withdrew the proceedings over his "illegal entry" into the island nation, officials said on Saturday.

29 Nov 2021


Fugitive diamantaire Mehul Choksi says he may be kidnapped again

Fugitive diamantaire Mehul Choksi has expressed fears that he may be kidnapped again in an "unlawful and illegal manner" and be extradited to India.

19 Oct 2021

New York City

Nirav Modi's plea on dismissing fraud allegations rejected by court

A bankruptcy court in the United States has rejected a petition filed by fugitive Indian businessman Nirav Modi and two of his associates, seeking the dismissal of fraud allegations against them.

SBI will charge beyond four free cash withdrawals every month

The country's largest lender SBI will levy charges for cash withdrawal beyond four free transactions in a month from customers holding the basic savings bank deposit (BSBD) accounts.

18 Jun 2021

Mehul Choksi

Mehul Choksi remanded to state prison in Dominica

A magistrate court in Dominica on Thursday moved Mehul Choksi from police custody to state prison, his lawyer Vijay Aggarwal said, but added that he would continue to remain in hospital as his medical condition deteriorated.

Top 100 wilful defaulters owe Rs. 84,632 crore to banks

The amount of money that the top 100 wilful defaulters owe banks increased in FY20, as compared to a year earlier. The defaulters owe Rs. 84,632 crore to lenders, up from FY19's figure of Rs. 80,344 crore.

06 Jan 2021

Narendra Modi

Nirav Modi's sister, brother-in-law turn approvers, will testify against him

Fugitive diamantaire Nirav Modi's younger sister and brother-in-law have turned approvers in the Punjab National Bank (PNB) scam case and will now testify against him after a special court in Mumbai accepted their request seeking a pardon on Monday.

22 Dec 2020


VHP to start fund-raising drive in Karnataka for Ram temple

The Vishva Hindu Parishad (VHP) will rope in over five lakh volunteers to start a door-to-door fundraising drive in Karnataka from January 15 to February 27, 2021, to build a grand Sri Ram Temple in Ayodhya, the outfit's international working president Alok Kumar said on Tuesday.

21 Sep 2020


FinCEN files: All you need to know about the leak

Several Indian banks helped facilitate transactions red-flagged by the United States Treasury Department's Financial Crimes Enforcement Network (FinCEN) for suspected money laundering, terrorism, drug dealing, and financial fraud, a major leak of top-secret documents has revealed.

#FinancialBytes: What is advance tax and who should file it?

Income tax accounts for a significant part of the government's revenue, and it is the responsibility of taxpayers to pay the required tax on the income they earned during a year on time.

07 Nov 2019

Nirav Modi

If extradited to India, I will kill myself: Nirav Modi

Fugitive diamantaire Nirav Modi, who is lodged in a prison in UK, wants to be released. And now, that his bail pleas have been junked repeatedly, he has taken to threats.

03 Nov 2019


13 cars linked to Nirav Modi to be auctioned soon

As many as 13 motor vehicles, including luxury cars, linked to disgraced diamond businessman Nirav Modi are set to be auctioned by the Enforcement Directorate in Mumbai on Thursday, November 7.

26 Sep 2019


'Crook' Mehul Choksi will be deported to India: Antigua PM

The days of Mehul Choksi's freedom are numbered and if all goes well, he will be deported to India, a statement from Antigua and Barbuda Prime Minister has hinted.

01 Sep 2019


Ahead of bank merger, PNB reduces FD interest rates again

Ahead of its merger with Oriental Bank of Commerce and United Bank of India, the state-run Punjab National Bank (PNB) has revised its fixed deposit (FD) interest rates yet again.

30 Aug 2019

Union Bank of India

Government to merge 10 major public sector banks into 4

In a major move, the Indian government has announced the plan to merge public sector banks.

After SBI, Punjab National Bank revises fixed deposit interest rates

Days after the State Bank of India announced that it will reduce the interest rates on fixed deposits (FDs), the Punjab National Bank (PNB) also revised its FD interest rates.

31 Jul 2019

Narendra Modi

Mallya and Modi's extradition cases to be heard in 2020

In a recent development, the extradition trial of fugitive businessman Nirav Modi in UK's Westminster Magistrates Court will be held next year, reports HT.

07 Jul 2019


PNB reports Rs. 3,800cr fraud by Bhushan Power & Steel

Punjab National Bank (PNB) on Saturday said that it has detected a fraud of Rs. 3,800 crore in the non-performing asset (NPA) account of Bhushan Power & Steel Limited (BPSL).

Swiss bank accounts of Nirav Modi, having Rs. 280cr, seized

There seems to be no end to troubles of beleaguered diamantaire Nirav Modi, who is the prime accused in the Rs. 13,700 crore PNB fraud.

12 Jun 2019


Nirav Modi's fourth bail plea rejected by UK court

On Wednesday, the Royal Courts of Justice denied the bail application of fugitive businessman Nirav Modi. This was the fourth time that Modi, a prime accused in multi-crore PNB scam, approached a court seeking respite.

29 Apr 2019


#FinancialBytes: Fixed Deposit (FD) rates of top public, private banks

When it comes to investment options, Fixed Deposits (FD) are among the top choices in India as they guarantee fixed returns to investors.

26 Apr 2019


London court rejects Nirav Modi's bail plea for third time

On Friday, a UK court rejected bail application of fugitive Indian businessman Nirav Modi for the third time. He was presented before Westminster Magistrates Court via video conferencing.

26 Apr 2019


#FinancialBytes: All about minimum account balance rules of top banks

Regular savings bank accounts are the most popular type of bank accounts. They are also one of the safest investment options as they allow accountholders to save their money, use it anytime, and also earn interest.

30 Mar 2019


ED officer probing Nirav Modi case removed, reinstated hours later

In a concerning turn of events, the Enforcement Directorate officer who was investigating the Nirav Modi case was relieved of his duties on Friday evening, only to be reinstated at the post hours later.

29 Mar 2019


#NiravModiExtradition: London court rejects fugitive Nirav Modi's second bail plea

The Westminster Magistrates' Court in London has once again denied bail to fugitive diamantaire Nirav Modi wanted in the Rs. 13,500-crore Punjab National Bank scam.

21 Mar 2019


Nirav Modi planned plastic surgery to evade arrest: Report

Fugitive diamantaire Nirav Modi, the prime accused in the Rs. 13,000 crore Punjab National Bank fraud, tried different routes to evade arrest, reports TOI.

21 Mar 2019

Narendra Modi

After Nirav Modi's bail rejection, PM says "Chowkidar is alert"

Fugitive businessman Nirav Modi, who is the prime accused in the Rs. 13,000 crore PNB fraud, was denied bail by a UK court on Wednesday. He will stay in prison till March 29.

20 Mar 2019


Fugitive businessman Nirav Modi arrested in London, claims report

Nirav Modi, the fugitive businessman, who is the main accused in the multi-crore PNB scam has been arrested in London, claimed NDTV.

18 Mar 2019

Narendra Modi

Mehul Choksi's namesake just submitted thesis on PM Modi

A student from Surat has submitted his doctorate thesis on Prime Minister Narendra Modi. Just like the subject of his research, the name of the student is equally interesting- Mehul Choksi.

13 Mar 2019


India didn't show interest in pursuing Nirav Modi's case: Report

India apparently didn't show interest in pursuing the case of Nirav Modi, the fugitive diamantaire who was spotted in London last week claims a report by NDTV.

09 Mar 2019


Nirav Modi spotted in London, running diamond business: Report

Nirav Modi, the fugitive diamantaire wanted in the multi-crore PNB scam, is living freely in London, a report in The Telegraph confirmed.

08 Mar 2019

Bombay High Court

Nirav Modi's bungalow, worth Rs. 100 crore, demolished using explosives

Fugitive diamantaire Nirav Modi's sprawling seaside bungalow located in Alibaug, Maharashtra was demolished on Friday.

25 Feb 2019


#FinancialBytes: How to open a PPF account

Public Provident Fund, popularly known as the PPF scheme, is a long-term savings scheme, launched by the National Savings Institute, Government of India, in 1968.

23 Nov 2018


Banks shut for three days this week: Details here

All Scheduled Commercial Banks including SBI (State Bank of India), PNB (Punjab National Bank), HDFC Bank and ICICI Bank, in several areas, witnessed three holidays this week, owing to different festivals.

22 Nov 2018

Andhra Pradesh

Richest member in Chandrababu's family is his four-year-old grandson

Nara Devansh, the grandson of Andhra Pradesh Chief Minister Chandrababu Naidu is the richest member of the family, having assets worth Rs. 18.71 crore.

06 Nov 2018


PNB Scam: Mehul Choksi's associate Deepak Kulkarni arrested in Kolkata

After months, authorities have finally made a break in the Rs. 13,000cr PNB fraud case.

Bad loans soar, PNB posts Rs. 4,532cr loss in Sept-quarter

Fraud-hit Punjab National Bank today posted a shocking loss of Rs. 4,532.35 crore for the second quarter that ended September 30 on rising bad-loans.

25 Oct 2018

Hong Kong

ED seizes Nirav Modi's Rs. 255cr-worth assets in Hong Kong

The Enforcement Directorate (ED) today said it has attached valuables and jewelry worth Rs. 255 crore in Hong Kong of diamond jeweler Nirav Modi in connection with the alleged $2 billion fraud in Punjab National Bank (PNB).